AVB IMMO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AVB IMMO
Largest movements
- Cash +€498,660
up €498,660 (+215.6%), from €231,277 to €729,937
mainly Other debts (+€440,108) and Net result for the year (+€28,526)
- Receivables within one year -€27,135
down €27,135 (-80.2%), from €33,854 to €6,719
of which Trade receivables: -€20,643
- Other debts +€440,108
up €440,108 (+154.9%), from €284,168 to €724,276
- Profit (loss) carried forward +€28,526
up €28,526, from -€5,799 to €22,727
- Tax, wage and social debts +€16,779
up €16,779 (+228.6%), from €7,340 to €24,119
of which Remuneration and social security: +€16,773
- Gross operating margin +€216,266
up €216,266 (+711.7%), from €30,388 to €246,654
- Staff costs +€163,747
up €163,747 (+487.9%), from €33,560 to €197,307
- Taxes +€16,002
new in 2025: €16,002
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,336 | €790,017 | +€480,681 | +155.4% |
| Formation expenses | 20 | €693 | - | -€693 | |
| Fixed assets | 21/28 | €13,273 | €20,701 | +€7,428 | +56.0% |
| Tangible fixed assets | 22/27 | €12,835 | €19,216 | +€6,381 | +49.7% |
| Furniture and vehicles | 24 | €5,840 | €12,294 | +€6,454 | +110.5% |
| Other tangible fixed assets | 26 | €6,995 | €6,922 | -€73 | -1.0% |
| Financial fixed assets | 28 | €438 | €1,485 | +€1,047 | +239.0% |
| Current assets | 29/58 | €295,370 | €769,316 | +€473,946 | +160.5% |
| Amounts receivable within one year | 40/41 | €33,854 | €6,719 | -€27,135 | -80.2% |
| Trade receivables | 40 | €21,940 | €1,297 | -€20,643 | -94.1% |
| Other amounts receivable | 41 | €11,914 | €5,422 | -€6,492 | -54.5% |
| Current investments | 50/53 | €2,006 | €2,032 | +€26 | +1.3% |
| Cash at bank and in hand | 54/58 | €231,277 | €729,937 | +€498,660 | +215.6% |
| Deferred charges and accrued income | 490/1 | €28,233 | €30,628 | +€2,395 | +8.5% |
| Total equity and liabilities | 10/49 | €309,336 | €790,017 | +€480,681 | +155.4% |
| Equity | 10/15 | €4,201 | €32,727 | +€28,526 | +679.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,799 | €22,727 | +€28,526 | |
| Amounts payable | 17/49 | €305,135 | €757,290 | +€452,155 | +148.2% |
| Amounts payable within one year | 42/48 | €305,135 | €757,290 | +€452,155 | +148.2% |
| Trade debts | 44 | €13,627 | €8,895 | -€4,732 | -34.7% |
| Suppliers | 440/4 | €13,627 | €8,895 | -€4,732 | -34.7% |
| Taxes, remuneration and social security | 45 | €7,340 | €24,119 | +€16,779 | +228.6% |
| Taxes | 450/3 | €3,263 | €3,269 | +€6 | +0.2% |
| Remuneration and social security | 454/9 | €4,077 | €20,850 | +€16,773 | +411.4% |
| Other amounts payable | 47/48 | €284,168 | €724,276 | +€440,108 | +154.9% |
| Remuneration, social security and pensions | 62 | €33,560 | €197,307 | +€163,747 | +487.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,079 | €6,482 | +€2,403 | +58.9% |
| Other operating charges | 640/8 | €387 | €711 | +€324 | +83.7% |
| Gross operating margin | 9900 | €30,388 | €246,654 | +€216,266 | +711.7% |
| Operating profit (loss) | 9901 | -€7,638 | €42,154 | +€49,792 | |
| Financial income | 75/76B | €2,371 | €3,314 | +€943 | +39.8% |
| Recurring financial income | 75 | €2,371 | €3,314 | +€943 | +39.8% |
| Financial charges | 65/66B | €532 | €940 | +€408 | +76.7% |
| Recurring financial charges | 65 | €532 | €940 | +€408 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,799 | €44,528 | +€50,327 | |
| Income taxes | 67/77 | - | €16,002 | +€16,002 | |
| Profit (loss) for the period | 9904 | -€5,799 | €28,526 | +€34,325 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,799 | €28,526 | +€34,325 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.